LSB Industries Financials
This page shows LSB Industries (LXU) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
LSB Industries has an operating margin of -1.1%, meaning the company retains $-1 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 8.7% the prior year.
LSB Industries's revenue declined 12% year-over-year, from $593.7M to $522.4M. This contraction results in a growth score of 0/100.
LSB Industries carries a low D/E ratio of 0.97, meaning only $0.97 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 2.28, LSB Industries holds $2.28 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 71/100.
While LSB Industries generated $86.6M in operating cash flow, capex of $92.3M consumed most of it, leaving -$5.7M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
LSB Industries passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, LSB Industries generates $-4.47 in operating cash flow ($86.6M OCF vs -$19.4M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.
LSB Industries earns $-0.2 in operating income for every $1 of interest expense (-$5.5M vs $34.5M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
LSB Industries generated $522.4M in revenue in fiscal year 2024. This represents a decrease of 12.0% from the prior year.
LSB Industries's EBITDA was $68.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 42.8% from the prior year.
LSB Industries generated -$5.7M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 108.2% from the prior year.
LSB Industries reported -$19.4M in net income in fiscal year 2024. This represents a decrease of 169.3% from the prior year.
LSB Industries earned $-0.27 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 173.0% from the prior year.
LSB Industries held $20.2M in cash against $476.2M in long-term debt as of fiscal year 2024.
LSB Industries's gross margin was 9.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 5.4 percentage points from the prior year.
LSB Industries's operating margin was -1.1% in fiscal year 2024, reflecting core business profitability. This is down 9.8 percentage points from the prior year.
LSB Industries's net profit margin was -3.7% in fiscal year 2024, showing the share of revenue converted to profit. This is down 8.4 percentage points from the prior year.
LSB Industries invested $92.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 36.5% from the prior year.
LXU Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $155.4M+2.7% | $151.3M+5.5% | $143.4M+6.3% | $134.9M-3.7% | $140.1M+1.4% | $138.2M+4.2% | $132.6M+16.0% | $114.3M |
| Cost of Revenue | $129.9M+1.4% | $128.1M-0.7% | $129.0M+0.1% | $128.9M+14.4% | $112.7M-2.8% | $115.9M-3.9% | $120.6M+2.5% | $117.7M |
| Gross Profit | $25.5M+10.2% | $23.2M+61.1% | $14.4M+137.8% | $6.0M-77.9% | $27.4M+23.1% | $22.3M+85.5% | $12.0M+454.7% | -$3.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $10.3M+5.0% | $9.8M-3.0% | $10.2M+2.7% | $9.9M-14.4% | $11.5M+12.2% | $10.3M+17.4% | $8.8M+3.0% | $8.5M |
| Operating Income | $15.6M+48.9% | $10.5M+134.8% | $4.5M+166.2% | -$6.7M-146.8% | $14.4M+27.9% | $11.3M+247.0% | $3.2M+134.2% | -$9.5M |
| Interest Expense | $7.4M-6.6% | $7.9M-2.2% | $8.1M-1.9% | $8.2M-1.9% | $8.4M-13.8% | $9.7M-2.0% | $9.9M+38.5% | $7.2M |
| Income Tax | $2.5M+133.9% | $1.1M+483.0% | -$283K+93.0% | -$4.1M-424.4% | $1.3M+107.3% | $603K-74.4% | $2.4M+144.8% | -$5.2M |
| Net Income | $7.1M+136.7% | $3.0M+283.3% | -$1.6M+82.1% | -$9.1M-195.8% | $9.6M+69.9% | $5.6M+205.2% | -$5.3M+30.8% | -$7.7M |
| EPS (Diluted) | $0.10+150.0% | $0.04+300.0% | $-0.02+84.6% | $-0.13-200.0% | $0.13+62.5% | $0.08+214.3% | $-0.07+30.0% | $-0.10 |
LXU Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.1B+1.9% | $1.1B-4.1% | $1.2B-0.9% | $1.2B-0.2% | $1.2B-5.6% | $1.3B-2.9% | $1.3B+0.5% | $1.3B |
| Current Assets | $270.6M+6.0% | $255.2M-14.7% | $299.3M-3.4% | $309.7M-6.7% | $332.0M-16.8% | $399.2M-8.6% | $436.7M-0.1% | $437.2M |
| Cash & Equivalents | $28.0M+397.9% | $5.6M-62.6% | $15.0M-25.7% | $20.2M-90.6% | $216.3M+71.6% | $126.0M+27.9% | $98.5M+110.4% | $46.8M |
| Inventory | $19.8M-19.0% | $24.4M-4.1% | $25.5M+2.4% | $24.9M+17.1% | $21.3M-3.2% | $22.0M-21.9% | $28.1M+17.0% | $24.0M |
| Accounts Receivable | $46.6M-9.1% | $51.3M-1.1% | $51.9M+33.8% | $38.8M-7.5% | $41.9M-22.0% | $53.7M+33.1% | $40.4M-13.4% | $46.6M |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $644.9M+2.0% | $632.3M-7.7% | $685.4M-1.5% | $695.5M+4.4% | $666.3M-10.2% | $741.9M-4.9% | $779.9M+2.7% | $759.5M |
| Current Liabilities | $95.3M-1.3% | $96.5M-19.2% | $119.5M-11.9% | $135.6M+39.4% | $97.3M-11.3% | $109.6M-7.5% | $118.5M+18.9% | $99.7M |
| Long-Term Debt | $447.6M+0.3% | $446.4M-6.7% | $478.2M+0.4% | $476.2M-0.8% | $479.8M-11.8% | $543.8M-5.6% | $575.9M-0.2% | $577.2M |
| Total Equity | $504.6M+1.8% | $495.8M+1.1% | $490.6M-0.2% | $491.6M-6.0% | $522.8M+0.9% | $518.2M0.0% | $518.3M-2.7% | $532.7M |
| Retained Earnings | $216.1M+3.4% | $209.0M+1.5% | $206.0M-0.8% | $207.7M-14.3% | $242.2M+4.1% | $232.6M+2.5% | $227.0M-2.3% | $232.4M |
LXU Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $52.6M+189.4% | $18.2M+165.7% | $6.8M+71.9% | $4.0M-90.4% | $41.4M+71.7% | $24.1M+41.8% | $17.0M-3.3% | $17.6M |
| Capital Expenditures | $17.0M-8.1% | $18.5M-11.4% | $20.9M-26.0% | $28.2M+91.1% | $14.8M-19.3% | $18.3M-30.9% | $26.5M+198.9% | $8.9M |
| Free Cash Flow | $35.6M+11400.3% | -$315K+97.8% | -$14.0M+42.1% | -$24.2M-191.0% | $26.6M+357.4% | $5.8M+161.4% | -$9.5M-208.8% | $8.7M |
| Investing Cash Flow | -$21.8M-315.6% | $10.1M+291.6% | -$5.3M+84.8% | -$34.7M-128.7% | $120.9M+152.4% | $47.9M+33.5% | $35.9M+512.5% | -$8.7M |
| Financing Cash Flow | -$8.5M+77.5% | -$37.7M-457.0% | -$6.8M-178.0% | $8.7M+111.6% | -$74.5M-67.2% | -$44.5M-3485.4% | $1.3M+118.5% | -$7.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
LXU Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.4%+1.1pp | 15.3%+5.3pp | 10.0%+5.5pp | 4.5%-15.1pp | 19.6%+3.5pp | 16.1%+7.1pp | 9.1%+12.0pp | -3.0% |
| Operating Margin | 10.1%+3.1pp | 6.9%+3.8pp | 3.1%+8.1pp | -5.0%-15.3pp | 10.3%+2.1pp | 8.2%+5.7pp | 2.5%+10.8pp | -8.3% |
| Net Margin | 4.6%+2.6pp | 2.0%+3.1pp | -1.1%+5.6pp | -6.8%-13.6pp | 6.8%+2.7pp | 4.1%+8.1pp | -4.0%+2.7pp | -6.8% |
| Return on Equity | 1.4%+0.8pp | 0.6% | N/A | N/A | 1.8%+0.7pp | 1.1% | N/A | N/A |
| Return on Assets | 0.6%+0.3pp | 0.3%+0.4pp | -0.1%+0.6pp | -0.8%-1.6pp | 0.8%+0.4pp | 0.4%+0.9pp | -0.4%+0.2pp | -0.6% |
| Current Ratio | 2.84+0.2 | 2.64+0.1 | 2.51+0.2 | 2.28-1.1 | 3.41-0.2 | 3.64-0.0 | 3.68-0.7 | 4.39 |
| Debt-to-Equity | 0.89-0.0 | 0.90-0.1 | 0.970.0 | 0.97+0.1 | 0.92-0.1 | 1.05-0.1 | 1.11+0.0 | 1.08 |
| FCF Margin | 22.9%+23.1pp | -0.2%+9.6pp | -9.8%+8.2pp | -18.0%-37.0pp | 19.0%+14.8pp | 4.2%+11.4pp | -7.1%-14.8pp | 7.6% |
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Frequently Asked Questions
What is LSB Industries's annual revenue?
LSB Industries (LXU) reported $522.4M in total revenue for fiscal year 2024. This represents a -12.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is LSB Industries's revenue growing?
LSB Industries (LXU) revenue declined by 12% year-over-year, from $593.7M to $522.4M in fiscal year 2024.
Is LSB Industries profitable?
No, LSB Industries (LXU) reported a net income of -$19.4M in fiscal year 2024, with a net profit margin of -3.7%.
What is LSB Industries's earnings per share (EPS)?
LSB Industries (LXU) reported diluted earnings per share of $-0.27 for fiscal year 2024. This represents a -173.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is LSB Industries's EBITDA?
LSB Industries (LXU) had EBITDA of $68.8M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does LSB Industries have?
As of fiscal year 2024, LSB Industries (LXU) had $20.2M in cash and equivalents against $476.2M in long-term debt.
What is LSB Industries's gross margin?
LSB Industries (LXU) had a gross margin of 9.2% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is LSB Industries's operating margin?
LSB Industries (LXU) had an operating margin of -1.1% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is LSB Industries's net profit margin?
LSB Industries (LXU) had a net profit margin of -3.7% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is LSB Industries's free cash flow?
LSB Industries (LXU) generated -$5.7M in free cash flow during fiscal year 2024. This represents a -108.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is LSB Industries's operating cash flow?
LSB Industries (LXU) generated $86.6M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are LSB Industries's total assets?
LSB Industries (LXU) had $1.2B in total assets as of fiscal year 2024, including both current and long-term assets.
What are LSB Industries's capital expenditures?
LSB Industries (LXU) invested $92.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
What is LSB Industries's current ratio?
LSB Industries (LXU) had a current ratio of 2.28 as of fiscal year 2024, which is generally considered healthy.
What is LSB Industries's debt-to-equity ratio?
LSB Industries (LXU) had a debt-to-equity ratio of 0.97 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is LSB Industries's return on assets (ROA)?
LSB Industries (LXU) had a return on assets of -1.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is LSB Industries's Piotroski F-Score?
LSB Industries (LXU) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are LSB Industries's earnings high quality?
LSB Industries (LXU) has an earnings quality ratio of -4.47x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can LSB Industries cover its interest payments?
LSB Industries (LXU) has an interest coverage ratio of -0.2x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is LSB Industries?
LSB Industries (LXU) scores 29 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.